The Yet2Ventures fund will provide follow-on investment and liquidity to small companies.

Yet2.com, a US-based open innovation consultancy firm, has formed a fund to help large companies’ corporate venturing investments drive value in their portfolio companies.

The Yet2Ventures fund, which has more than $25m in investor commitments from its managers and family offices, will provide follow-on investment and liquidity to small companies.

Its first deal is in Avantis Medical Systems, a US-based maker of catheter-based endoscopic devices for detecting and treating cancer previously backed by Japan Asia Investment Company (JAIC), an…